Dow Jones Extends Winning Streak — Six Months and Counting

All three major benchmarks posted solid gains: the Dow Jones climbed 2.5%, the S&P 500 advanced 2.2%, and the Nasdaq Composite jumped 4.6%.

Written by: Ignacio Teson • Saturday, November 1, 2025 • 2 min read

• Last updated: Saturday, November 1, 2025

Quick overview

U.S. stock indexes closed higher on Thursday, with the Dow, S&P 500, and Nasdaq all posting solid gains for October.
The Dow extended its winning streak to six months, marking its longest run of gains since 2018.
Investors are cautious following the Federal Reserve's recent interest rate cut and ongoing U.S.–China trade discussions.
Tech stocks led the gains, with Amazon surging 9.5% after strong earnings, while Apple shares slipped despite positive guidance.

The leading U.S. stock indexes closed higher on Thursday, ending the month near record levels.

Wall Street Extends Winning Streak as Dow and Nasdaq Hit New Records

Wall Street finished the session in positive territory, recovering from early losses in a volatile day that saw Apple swing between gains and losses before closing slightly lower, while Amazon held firm near the top of the leaderboard throughout the session.

The Dow Jones Industrial Average rose 0.09% to 47,562.69 points, the S&P 500 added 0.27% to 6,840.56, and the Nasdaq Composite gained 0.61% to 23,724.96.

SPX

For the month of October, all three major benchmarks posted solid gains: the Dow Jones climbed 2.5%, the S&P 500 advanced 2.2%, and the Nasdaq Composite jumped 4.6%. Notably, the Dow extended its winning streak to six consecutive months, marking its longest run of gains since 2018.

Investor Focus: Fed Caution and U.S.–China Diplomacy

Investors are still digesting the Federal Reserve’s latest policy decision. While the Fed cut interest rates by 25 basis points this week, Chair Jerome Powell signaled that another reduction in December “is not a sure thing,” tempering expectations for aggressive monetary easing.

Meanwhile, U.S. President Donald Trump met with Chinese President Xi Jinping on Thursday, calling the encounter “magnificent and extraordinary,” though offering few details on how both sides plan to ease trade tensions. Trump said he expects a trade agreement with China “very soon,” claiming only minor obstacles remain. He did not specify a signing date but announced plans to visit China in April.

Earnings Highlights: Tech Leaders Power Gains

Early-week concerns about tech sector spending eased somewhat after strong quarterly results from two of Wall Street’s biggest names rekindled investor optimism.

Apple shares slipped 0.3% despite upbeat guidance, as the iPhone maker forecast 10–12% revenue growth for the holiday quarter, driven by strong demand for its new iPhone 17 lineup.

Amazon surged 9.5% after reporting quarterly earnings that topped expectations, supported by a rebound in retail margins and continued strength in its cloud division, Amazon Web Services.

Netflix rose 2.7% after announcing a 10-for-1 stock split, while Exxon Mobil fell 0.3% following a year-over-year decline in third-quarter profit, hit by lower oil prices amid rising OPEC+ production.

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ABOUT THE AUTHOR See More

Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.